Monday, December 3, 2012

Commodity News Today: MCX NCDEX Tips

MCX crude oil is trading around Rs 4870 higher by 0.4 percent from its previous close. However, NYMEX seen weakness in crude oil and the price is under $ 89.

Gold and silver are buoyant. MCX gold is trading at Rs 31300, 0.6 percent higher and silver is around Rs 61800 is up 0.8 percent. Gold has climbed 0.4 per cent and 1 per cent on COMEX silver.

Copper is gained. With 0.5 per cent on MCX Copper is trading above Rs 443. China Copper has accelerated due to improved manufacturing data. LME Copper 6 weeks at the highest level is reached.

Other base metals is also fast. MCX Nickel climbed 0.5 per cent to 1 per cent and aluminum. Has slight edge in lead and zinc.

Agri commodities gram continues to decline. Gram gram due to good crop December futures 2.5 per cent more likely to be broken. 3.5 to 2.5 per cent in barley and red pepper weakness. However, strong coriander and soybean 3 to 2.5 per cent.